# Advanced Global Investment signs $485M EPC contracts for two polypropylene plants in Saudi Arabia

Advanced Global Investment Company (AGIC), a subsidiary of Advanced Petrochemical Company, signed engineering, procurement and construction contracts with Tecnimont S.p.A and Tecnimont Arabia Ltd. for the construction of two polypropylene plants in Jubail II, Saudi Arabia. The contracts are valued at $485 million.

- Type: Contract
- Announced: 2021-04-14
- Where: Jubail II, Kingdom of Saudi Arabia, Saudi Arabia
- Value: $485.0M
- Status: announced
- Capacity: 800,000 tons per annum polypropylene
- Products: polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Advanced Global Investment Company](https://endata.com/companies/47102.md)
- [Tecnimont](https://endata.com/companies/2684.md) (supplier)
- [Advanced Petrochemical](https://endata.com/companies/28467.md) (partner)
- [Tecnimont Arabia](https://endata.com/companies/37734.md) (supplier)

## Sources

- [english.mubasher.info](https://english.mubasher.info/news/3792961/ADVANCED-PETROCHEMICAL-COMPANY-ANNOUNCES-THE-SIGNING-OF-ENGINEERING-PROCUREMENT-AND-CONSTRUCTION-CONTRACTS-BY-ADVANCED-GLOBAL-INVESTMENT-COMPANY-FOR-THE-CONSTRUCTION-OF-TWO-POLYPROPYLENE-PLANTS-IN-JU/news), 2021-04-14: "AGIC has signed Engineering, Procurement and Construction Contracts with Tecnimont S.p.A and Tecnimont Arabia Ltd. for the construction of PP Plants to manufacture 800,000 tons per annum Polypropylene."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.